Service Companies & Manufactures

Baker Hughes announced it has suspended new investments for its Russia operations. The Company is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations. “The crisis in Ukraine is of grave concern and we strongly support a diplomatic solution. We condemn violence and our hearts go out …

Schlumberger today provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. “First and foremost, we are deeply focused on the health, safety and security of our employees, colleagues …

Leading provider of energy services, Expro (NYSE: XPRO) has acquired 100% of Distributed Fiber Optic Sensing (DFOS) company, SolaSense Ltd. Based in the UK, SolaSense’s well surveillance technology features portable processing software and enhanced visualization interface for delivering near real time analysis of distributed acoustic sensing (DAS) / distributed temperature …

New end-to-end emissions solutions business offers a unique range of solutions to help operators identify, quantify, report, and eliminate emissions as they work toward their decarbonization objectives. Schlumberger announced today the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed …

Schlumberger’s cloud-based solutions have the potential to digitally transform worldwide reservoir engineering modeling to achieve vast increases in innovation, efficiencies, and performance Schlumberger today announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring …

Sensia, the leading automation specialist in oil & gas production, transportation, and processing, today announced it has acquired Swinton Technology, a market leader in metering supervisory systems and measurement expertise in the oil and gas industry. The acquisition will incorporate Swinton Technology products and solutions into the Sensia portfolio, expanding Sensia’s metering …

Gas exports to Europe from Russia have increased since the start of the conflict, as they are excluded from sanctions. US LNG supplies to Europe increase with bullish sentiment creeping in on the back of UK sanctions on Russian shipping. Here is Rystad Energy’s daily gas and LNG market note …

This week, the Russia-Ukraine conflict is restricting global OCTG supply, particularly in the Middle East and USA. Nickel prices have also experienced aggressive rises due to the conflict in Ukraine. Lithium continues to rocket with prices now 118% higher than at the end of the year. OCTG The implementation of …

Oil prices remain high today on continued uncertainty regarding the energy impacts of the Ukraine conflict, knock-on regional supply implications, increased demand and rising inflation. Here is Rystad Energy’s daily oil market comment from our Senior Oil Market Analyst Louise Dickson: Price Oil prices climbed higher today as the Ukraine …

Equinor’s Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are …